Columbus, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Columbus Neighborhoods Since 2000




Columbus, IN Real Estate Data


Columbus Housing Market Information

With 46,690 people, 18,420 houses or apartments, and a median cost of homes of $169,911, Columbus real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Columbus, accounting for 70.62% of the city's housing units. Other types of housing that are prevalent in Columbus include large apartment complexes or high rise apartments ( 16.62%), duplexes, homes converted to apartments or other small apartment buildings ( 6.70%), and a few mobile homes or trailers ( 3.31%).

The most prevalent building size and type in Columbus are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.91% owning and 39.09% renting.

There is a lot of housing in Columbus built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Columbus built between 1940-1969 ( 33.06%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.47%). There's also some housing in Columbus built before 1939 ( 12.34%).

Columbus Home Appreciation Rates

Appreciation rates for homes in Columbus have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 15.14%, which ranks in the top 30% nationwide. This equates to an annual average Columbus house appreciation rate of 1.42%.

NeighborhoodScout's data show that during the latest twelve months, Columbus's appreciation rate, at 5.40%, has been at or slightly above the national average. In the latest quarter, Columbus's appreciation rate has been 2.90%, which annualizes to a rate of 12.12%.

Importantly, this makes Columbus one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Indiana, our data show that Columbus's latest annual appreciation rate is lower than 50% of the other cities and towns in Indiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Columbus differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Columbus - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Columbus real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$169,911

Columbus, IN HOME PRICES

Value Range
> $1,130,000 0.3
$847,001 - $1,130,000 0.2
$565,001 - $847,000 1.7
$452,001 - $565,000 2.0
$339,001 - $452,000 5.0
$226,001 - $339,000 15.0
$113,001 - $226,000 43.1
$56,001 - $113,000 25.3
$0 - $56,000 7.4

Very High for IN
Average for Nation

Value Relative to Nation Value Relative to State
42.7885459975406 16.9683257918552

Number Of Homes And Apartments:
18,420

Rent & Ownership

 

Average Market Rent:
$1,054 / per month

Homeownership Rate

Homeownership
Owners 60.91
Renters 39.09
Vacant 6.73

Housing Market Details

 

Age of Homes

AGE OF Columbus HOMES
2000 or Newer 15.5
1970 - 1999 39.1
1940 - 1969 33.1
1939 or Older 12.3

Types of Homes

TYPE OF Columbus HOMES
Single-Family 70.6
Townhomes 2.7
Small Apt. Buildings 6.7
Apt. Complexes 16.6
Mobile Homes 3.3
Other 0.0

Home Size

SIZE OF Columbus HOMES
No Bedroom 2.21
1 Bedroom 11.03
2 Bedrooms 26.00
3 Bedrooms 40.60
4 Bedrooms 16.17
5 or more bedrooms 3.99

Columbus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
29.80% 1.55% 8 3
* 10 is highest